Highlights
- Unico Silver completed a Capital raising to support exploration and development activities across its Santa Cruz projects.
- The company continues advancing the Joaquin and Cerro Leon silver-gold projects in Argentina.
- Planned activities include resource drilling, technical studies and project development work.
Unico Silver (ASX:USL) is a silver-gold development company focused on projects located in Santa Cruz Province, Argentina. The company’s key Assets include the Joaquin and Cerro Leon projects, which contain silver-equivalent resources and are being advanced through exploration, drilling and technical studies.
What happened
Unico Silver closed at AUD 0.72 on 25 September 2026, down 2.03% during the session.
The share price movement followed the company’s announcement of a capital raising to support its ongoing project activities.
On 24 September 2026, Unico Silver announced a A$60 million institutional Placement at A$0.76 per share.
The company did not release a new operational announcement during the trading session.
Why it moved
The placement involves approximately 78.9 million new shares, with settlement scheduled for 30 September 2026.
The funds raised are intended to support exploration and development activities across Unico Silver’s projects in Santa Cruz Province.
Planned uses include resource growth and extension drilling, technical studies, long-lead project activities, acquisition-related payments and general working capital.
The company stated that the capital raising provides additional funding capacity as it progresses project evaluation activities.
The bigger picture
Unico Silver’s portfolio includes the Joaquin and Cerro Leon silver-gold projects in Argentina.
The Joaquin project has a reported resource of 167 million ounces of silver equivalent at 115 g/t, while Cerro Leon has a reported resource of 162 million ounces of silver equivalent at 161 g/t.
Both projects have Mining leases and surface rights in place, supporting ongoing project advancement activities.
The company continues to progress exploration and technical studies, including drilling programs and feasibility-related work.
How it got here
Unico Silver has been advancing its Santa Cruz projects through exploration, resource evaluation and development planning.
The company’s current work program includes approximately 20,000 metres of resource growth and extension drilling.
Unico Silver is also progressing a Pre-Feasibility Study for the Joaquin project and further technical work associated with future development activities.
The company has continued building its project portfolio through agreements related to its Santa Cruz assets and ongoing exploration programs.
What to watch
- Completion of the institutional placement settlement.
- Results from planned resource growth and extension drilling.
- Progress of the Pre-Feasibility Study for the Joaquin project.
- Further development activities across Joaquin and Cerro Leon.
- Updates related to future technical studies and approvals.






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